Great Lakes Christian College

The information on this page was last updated 3/29/2023. If you see errors or omissions, please email: [email protected]


Summary

Great Lakes Christian College, an institution of higher education affiliated with Christian churches/churches of christ, seeks to glorify God by preparing students to be servant-leaders in the church and world. To provide bible-oriented systematic training, resulting in a two or four year degree.


Contact information

Mailing address:
Great Lakes Christian College
6211 W Willow Hwy
Lansing, MI 48917

Website: glcc.edu

Phone: (517) 321-0242

Email: [email protected]


Organization details

EIN: 386080947

CEO/President: Dr Frank Weller

Chairman: Dr Frank Weller

Board size: 17

Founder: Ralph R. Woodard

Ruling year: 1972

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: Yes

Member of ECFA since: 2001


Purpose

Great Lakes Christian College, an institution of higher education affiliated with Christian Churches/Churches of Christ, seeks to glorify God by preparing students to be servant-leaders in the church and world.


Mission statement

Preparing students to be servant-leaders in the church and world.


Statement of faith

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Colleges/Universities

CategoryRatingOverall rankSector rank
Overall efficiency rating400 of 111038 of 129
Fund acquisition rating150 of 111122 of 129
Resource allocation rating1054 of 1111119 of 129
Asset utilization rating205 of 111019 of 129

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%8%7%7%11%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
2%5%5%4%6%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
20%63%66%60%52%45%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
2%5%4%4%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
80%37%34%40%48%55%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%68%72%69%69%69%
Spending ratio Spending ratio =
Total expenses /
Total revenue
96%98%107%103%120%119%
Program output ratio Program output ratio =
Program services /
Total revenue
80%67%77%70%83%82%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
4%2%-7%-3%-20%-19%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%6%-19%-4%-27%-22%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
13%27%24%27%26%26%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.521.011.370.990.940.96
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.691.941.821.781.931.98
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.441.952.481.761.831.91
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.235.744.195.084.504.43
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.120.170.240.200.220.23
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
7.295.093.685.495.114.87
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
24%59%50%43%41%29%
Debt ratio Debt ratio =
Debt /
Total assets
11%36%35%29%27%15%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
151%40%36%58%62%74%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,529,626$1,465,583$1,688,722$1,523,021$1,582,685
Receivables, inventories, prepaids$602,870$148,091$177,373$206,470$193,173
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,132,496$1,613,674$1,866,095$1,729,491$1,775,858
Long-term investments$0$0$0$0$0
Fixed assets$758,841$592,699$613,408$647,569$663,261
Other long-term assets$1,237,577$729,200$846,800$964,400$1,082,000
Total long-term assets$1,996,418$1,321,899$1,460,208$1,611,969$1,745,261
Total assets$4,128,914$2,935,573$3,326,303$3,341,460$3,521,119
 
Liabilities20232022202120202019
Payables and accrued expenses$61,432$64,892$37,352$44,496$51,171
Other current liabilities$310,000$320,000$330,000$340,000$350,000
Total current liabilities$371,432$384,892$367,352$384,496$401,171
Debt$1,496,421$1,019,624$980,228$885,719$512,840
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$581,837$68,071$67,149$103,597$94,036
Total long-term liabilities$2,078,258$1,087,695$1,047,377$989,316$606,876
Total liabilities$2,449,690$1,472,587$1,414,729$1,373,812$1,008,047
 
Net assets20232022202120202019
Without donor restrictions$159,214($209,427)$226,370$415,721$943,622
With donor restrictions$1,520,010$1,672,413$1,685,204$1,551,927$1,569,450
Net assets$1,679,224$1,462,986$1,911,574$1,967,648$2,513,072
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$2,658,050$2,458,756$1,912,920$1,376,715$1,289,492
Program service revenue$1,721,121$1,209,721$1,221,912$1,147,214$1,430,558
Membership dues$0$0$0$0$0
Investment income($149,319)$57,633$48,215$97,361$73,892
Other revenue$15,000$12,980$10,000$10,000$50,752
Total other revenue$1,586,802$1,280,334$1,280,127$1,254,575$1,555,202
Total revenue$4,244,852$3,739,090$3,193,047$2,631,290$2,844,694
 
Expenses20232022202120202019
Program services$2,834,300$2,873,900$2,244,743$2,186,149$2,344,448
Management and general$1,115,110$959,378$896,232$814,437$878,956
Fundraising$202,005$176,615$135,608$155,869$163,065
Total expenses$4,151,415$4,009,893$3,276,583$3,156,455$3,386,469
 
Change in net assets20232022202120202019
Surplus (deficit)$93,437($270,803)($83,536)($525,165)($541,775)
Other changes in net assets$0$0$0$0$0
Total change in net assets$93,437($270,803)($83,536)($525,165)($541,775)

Compensation

NameTitleCompensation
Frank WellerPresident (began 06/2022)$45,796
Bryan TarrantDir. of Operations (began 09/2022)$14,343

Compensation data as of: 6/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/29/2023. To update the information below, please email: [email protected]


History

Over a generation ago, men of God were deeply concerned with the lack of vitality and the shrinking numbers of Christian Churches/Churches of Christ in Michigan. Their concern led to plans for founding Great Lakes Bible College, which came into being in 1949 at Rock Lake, near Vestaburg, Michigan. Twelve students were enrolled during the first year, and their classes convened in the log cabin of Ralph R. Woodard, who was to become the first President of the College.

In 1951, the young College purchased a nearby eighty-acre farm, which was converted into the first campus. Recognizing the advantages of an urban location, the Trustees decided to move the campus to the capital city, Lansing, in 1958. The College occupied the Dodge Mansion for fourteen years. In 1970, the College purchased a forty-acre site on the west edge of Lansing, and the first buildings were constructed for use in 1972. Additional land was added later, and facilities have been constructed as needed. In 1992, the College's name was changed to Great Lakes Christian College.

In 2002 accreditation was granted by The Higher Learning Commission and GLCC became a member of the North Central Association. Reaffirmation took place in 2007. The Doty Center, a multi-purpose gymnasium and event center, was built at the heart of the campus and was completed in 2008. The first phase of the Knowles Learning Center - Office Suites is also completed.


Program accomplishments


Needs